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H.R. 917 119th Congress House

Mortgage Debt Tax Forgiveness Act of 2025

Official title: To amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharge of qualified principal residence indebtedness.

Introduced: February 4, 2025 Introduced by: Julia Brownley Democratic · California See on congress.gov
Taxation
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 2025
Referred to the House Committee on Ways and Means.
Feb 4, 2025
Introduced in House
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What's happening now February 4, 2025

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Mortgage Debt Tax Forgiveness Act of 2025

This bill makes permanent the exclusion of the discharge of qualified principal residence indebtedness from gross income for federal tax purposes.

Under current law, a taxpayer may generally exclude from gross income up to $750,000 (or $375,000 if married but filing a separate federal tax return) from the discharge of indebtedness that is (1) incurred to purchase, build, or substantially improve a principal residence (or refinance such indebtedness); and (2) secured by the principal residence. The discharge must currently occur before January 1, 2026, and some limitations apply.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • NOSSAMAN LLP
    for CITY OF SAN BUENAVENTURA (F/K/A VENTURA WATER (A DEPARTMENT OF THE CITY OF SAN B · California · 2nd Quarter 2026 (Apr 1 - June 30)

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 917: Mortgage Debt Tax Forgiveness Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-917/
MLA
"H.R. 917: Mortgage Debt Tax Forgiveness Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-917/.
Bluebook (legal)
H.R. 917, 119th Cong. (2026), https://openamerica.io/bill/119-HR-917/.
Markdown link
[H.R. 917: Mortgage Debt Tax Forgiveness Act of 2025](https://openamerica.io/bill/119-HR-917/)
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